The variables that determine a household's budget line are

Name: The variables that determine a household's budget line are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A household's budget line is determined by the combination of prices of goods and services and the household's income level. Preferences do influence a household's spending decisions, but preferences alone do not determine the budget line since the affordability of goods and services is also a key factor. Therefore, choice C, prices and income, is the correct answer.

The Variables That Determine a Household's Budget Line Are